Meanwhile, the number of bears in the latest advisor sentiment survey continued to fall from the peak levels to start October. Bears fell to 36.8% in the latest poll.
“That high reading signaled that the advisors were raising cash,” Investors Intelligence noted. “The sharp rally suddenly left them under exposed to equities so as they recommitted funds stocks popped to the upside.” [Stock ETF Rally May Have Legs]
However, stocks have gotten off to a rocky start in November. [ETFs Stumble After Rally]
iShares S&P 500
